FlexJet and a slow death.

[luckydog]

Thanks for posting the contract rules. It good to see negotiated compromises.

From the language shown it's not clear, does the last day have to be planned to end before midnight or is the cutoff 01:30.

Our only advantage I can see in comparison is getting the OT day for ending at midnight 01.

Other differences:
We can be planned to 16 hours instead of 14.
We don't get a delayed start on the next trip for a late return.
It's the crew's option to continue past 16 hours but no OT day if you go over 16 hours but end before midnight.
Sometimes the first flight home on a forced OT day is modified to be the first cheap flight home but usually(not always) they get us going early.

The obvious big disadvantage is that our '"rules" can be changed unilaterally by the company.

 

[Hung Start]

More recalls today for a September 23 class.

Hung

 

[shorty]

Good News! Any idea how many?

 

[chief9404]

Yeah, Signature PDK knows it all! You're a tool!

Who is the tool now?

 

[fugazi]

Who is the tool now?

You're still an idiot..Calling signature PDK is still dumb! Oh and, dont get too high on your horse..this may not change anything about your situation.

 

[John MClain]

No worries guys and gals, the man who was directly responsible for the largest law suit payout in the history of Flexjet as well as single handedly almost costing us our operating certificate and all of our jobs is once again at the helm. After serving out his punishment of 5 years of line flying, he "gets it".

I know I certainly feel better about the future of Flexjet.

 

[chief9404]

You're still an idiot..Calling signature PDK is still dumb! Oh and, dont get too high on your horse..this may not change anything about your situation.

Answer the question. Who's the tool?

 

[chief9404]

You're still an idiot..Calling signature PDK is still dumb! Oh and, dont get too high on your horse..this may not change anything about your situation.

"Can you see the trend with manufacturers running programs?

Raytheon's Travel Air - Gone

Cessna's Citation Air - Going

Bombardier Flexjet - Next"

Remember when I said this back in March? Remember? Remember? Remember?

Who's the TOOL!

 

[fugazi]

"Can you see the trend with manufacturers running programs?

Raytheon's Travel Air - Gone

Cessna's Citation Air - Going

Bombardier Flexjet - Next"

Remember when I said this back in March? Remember? Remember? Remember?

Who's the TOOL!

Wow, that really hurt your feelings. Im sorry I called you a tool. Do you think signature PDK has an inside info on Ken Riccis plans with flex and flops?

 

[BEfly]

http://www.aviationweek.com/Article.aspx?id=/article-xml/awx_09_05_2013_p0-613283.xml

Ken Ricci buying Flexjet

 

[BlueNose]

http://www.aviationweek.com/Article.aspx?id=/article-xml/awx_09_05_2013_p0-613283.xml

Ken Ricci buying Flexjet

Here's a new nugget from the article:

Also as part of the sale, Bombardier is selling its 49% stake in Flexjet partner Jet Solutions, which held the Part 135 certificate and contracted to provide charter flights for Flexjet. The 51% stakeholders of Jet Solutions, including President Dennis Keith, are buying the remaining portion of their company, but will maintain their strategic relationship with Flexjet, says Flexjet President Deanna White.
​

So that answers the question of who operates the 135 flights, at least for a while. Flex maintains its relationship with Jet Solutions, and Directional does not have majority interest in a competing air carrier, which avoids the 1109 scope LOA.

 

[shanes123]

The Grim Reaper has visited Flex Jet.. R.I.P.

 

[el raton]

The Grim Reaper has visited Flex Jet.. R.I.P.

Just curious, do you believe $183 million was spent just to shut Flexjet down?

 

[doylehargraves]

Just curious, do you believe $183 million was spent just to shut Flexjet down?

Probably not BUT, now we know the REAL number of what Flexjet was worth. You figure it was maybe at most making a 8 percent profit(and that is generous). So, figure around 11 million a year coming in. That's some nice leverage for credit for, hmm, other things. Yea they ordered airplanes but, the math doesn't add up to me: $1.5 billion dollars (up to $5.1B) for aircraft purchases for a 200 million dollar company? That's like someone making a $100,000 a year and buying a $1.5 million dollar house. To me, I would be nervous right now at Flexjet. I'm certain all the ACP's are putting out fires right now assuring everyone that "this is a good thing". Be careful, that's all I'm going to say.

 

[SDCFI]

Remember Flexjet's assets are limited to the core fleet and any property (Waterview). The majority of the aircraft belong to the fractional owners. So the ? isn't how can a 183 million dollar company buy over a billion dollars worth of aircraft but can the company find enough customers to fill those positions. And the next question is if those customers don't materialize when the aircraft come online is the holding company going to front the purchase money and for how long? We're now playing the "if you order it they will come" game, and if we lose I doubt the new owners will be as willing as Bombardier to take some losses while they wait for things to turn around, if they even do.

 

[shanes123]

Just curious, do you believe $183 million was spent just to shut Flexjet down?

If I need to explain it..Then you wouldnt understand it!

 

[el raton]

If I need to explain it..Then you wouldnt understand it!

I see you excel at being an ass.

 

[Sparse]

Fractionals buy far fewer aircraft than they order. I flew a Sovereign that was originally a NJ Sovereign. Paint scheme and everything. The transaction history shows it was transferred to a new owner at 11 hours. Those 11 hours were test and proving flights. NJ never flew it. You get big press when you order aircraft, not when you take delivery. The fractional model is not what it used to be. It will be interesting to see how this plays out.

 

[DirtyBeech]

The new order is pretty much what Flex was going to do anyway. The options and possible Globals or G's is something Flex was never going to have the wherewithal to do.

 

[doylehargraves]

My guess is the only reason the word "global" is being used in this whole thing is to calm those with big-plane-itis. How about space shuttles? There's a few of those laying around isn't there?

 

[Frac Cap]

Don't get so excited about the space shuttles. Because they are previously enjoyed, Flight Options will be getting those.

 

[johnnyride24]

I wouldn't believe Globals until you see one on property, and a pay check to go with it.

Its all Sugar Coated BS to try not to have a mass exodus.

Even FR promised Globals...

 

[doylehargraves]

I really feel for you guys at Flex. I'm not seeing anything that is positive about this. No matter how it is inevitably being spun by the ACP's, why could this be a good thing?

 

[japhy]

I wouldn't believe Globals until you see one on property, and a pay check to go with it.

Its all Sugar Coated BS to try not to have a mass exodus.

Even FR promised Globals...

I think you are right. We have been told for years that there is not a big enough market in fractional big jets to justify to entry cost. We may have solved the capital issue with the DAC purchase, but what has changed the market?

I'll believe the Global rumor when I see one on the ADS mx tarmac in Flexjet colors. It probably is just a rumor to keep people from the leaving and to keep the operation going smoothly. Because is the operation goes to $h!t then Ricci just bought a whole lot of nothing.

 

[johnsonrod]

You wanna fly a Global? The new VistaJet/Jet Avaition JV will have at least 10 Globals if you have shiny jet syndrome and are dying to fly one... Might be a good option if you are low on the totem pole but have a lot of time (and know how to network) at Flexoptionshares and you are tired of 4-5 legs a day in the Lear 40/400XT/CJ3:

http://www.ainonline.com/aviation-n...-06/vistajet-moves-us-jet-aviation-and-wheels

 

[GlorifiedCabbie]

OH! the new equipment promise...Global 5000 and now that you are not tied to Bombardier, you can get G550's. Hold your breath. It will be a lot less painfull.

 

[doh]

What's this G550 rumor? Haven't heard that one, but I have been on vacation.

 

[GlorifiedCabbie]

That's just the bait. Take your eye off of what is happening around you and dream about how good things could be.
Wasn't there a model of an Envoy 7 in the lobby in Cleveland at one time?

 

[pilotyip]

We just had a pilot go back to Flex, he turned down USAirways because he thought the future was pretty good at Flex, he will know in about 10 years if he made the correct choice

 

[warlord19]

You are correct, Yip...time will tell, though it will be less than 10 years..specifically, after the next presidential election. I think there is a good chance he made the correct choice, but no one knows what the industry will look like then.
Cheers,
WL